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U.S. Healthcare Reform Alive: Medical Tourism Destined to Thrive
The U.S. Supreme Court upheld the Patient Protection and Affordable Care Act (PPACA) this morning, which means U.S. healthcare reform is here to stay.
“This should have a very positive impact on employers and insurers moving forward with implementing medical tourism, now that they understand that healthcare reform law has been approved by the Supreme Court…the burden is now on insurers and employers, since the law does not address the issue of increased costs,” said Jonathan Edelheit, CEO of the Medical Tourism Association™
Healthcare reform is positive for the medical tourism industry, as it will drive employers and uninsured U.S. citizens to seek healthcare abroad to avoid both the rising domestic costs of healthcare and the already-problematic supply and demand issues present in the U.S. healthcare system. This change is positive for both international and domestic medical tourism. Healthcare reform should have no effect on inbound medical tourism to the U.S., an industry that will continue to grow.
Mr. Edelheit will be hosting a Webinar on Monday, July 2, at 10 a.m. EDT (7 a.m. PDT, 3 p.m. BST, 4 p.m. EET, 7:30 p.m. IST and 10 p.m. HKT). The webinar, which can be found at https://www2.gotomeeting.com/
• Guaranteed issue of insurance with no preexisting clause
• The individual mandate
• Narrowing of the rate correlation and how it will increase costs for young adults
• Penalties for refusing to purchase health insurance
• Major changes that will take effect in 2014, and why employers and insurers need to start planning for them now
It’s difficult to understand entirely how everyone, namely insurers and employers, will be affected by PPACA. The WMT&GHC will host several educational sessions led by industry experts providing their best practices and future strategies to deal with PPACA’s effects and still provide quality healthcare for their clients and employees. This conference will provide the opportunity to become an expert in the reformed strategies to manage healthcare for your clients and employees. The event is integrated with the Employer Healthcare & Benefits Congress, providing the opportunity for international attendees of the WMT&GHC to network with about 1,000 U.S. employers and insurance companies to devise future collaborations as a way to offset costs (in the U.S.) and increase healthcare revenues (globally).